Length of all loans:

The initial period is 3 months. Example: the loan made on March 01, 20xx, then initial expiry date be on June 01, 20xx.

Renewal:

Must be done before the expiration date. It can be done in person or via e-transfer. We accept cash, debit, certified cheques/money orders, e-transfer. Please call prior to send the Interact/e-transfer payment to receive the instructions. We don't take credit nor pre-paid credit cards payments.

Expiration date:

Three days of grace period after expiration date. Give us a call or contact us, so we can add more time up-to one week. This additional extension will cost you one month interest.

Interest:

The interest is charged monthly from the loan's open date. We charge 10% for jewelry and gold watches, and the 20% on the rest of the items.

Calculation of the interest:

There are 2 business days grace period after expiry date for calculating the interest.

Once full payment is made, the listed collateral shall be returned to the Pledgor.

Understanding loans?

Client brings the item and leave it with us as the collateral for the cash we provide. The list of typical items we take is given at F.A.Q. page.
The collateral remain in our possession until the full payment of the financed amount including interest fee is made.
If the payment not made by the due date, the collateral shall become our property without any further notice.
You agree to pay the financed amount in full including the interest fees and the collateral shall be returned to you.